National Bank’s World Elite Mastercard®

National Bank’s World Elite Mastercard®

The Best Credit Card in Canada for travel or purchase insurance (tripled extended warranty). Earn up to $250 in travel credit per calendar year and up to 2 points per dollar on your purchases, including at Costco.

Welcome Bonus


Best For

Year 1


Years 2 and +


Annual Fee


Interest rates
Purchase Rates

20.99 %

Cash Advance Rates

22.49 %

Balance Transfer Rates

22.49 %

Your Monthly Spending


  • Up to 2 points per dollar spent
  • Get a refund of up to $250 per year on seat selection, airport parking and baggage fees
  • Enjoy up to 60 days’ coverage with our travel, trip cancellation/interruption, baggage loss and car rental insurance
  • Trade you reward points without restrictions: gift cards, branded articles and travel rebates.
  • Experience the ultimate in comfort at the National Bank VIP Lounge at Montreal-Trudeau International Airport

Fees & Conditions

Personal Income $80,000
Household Income $150,000
Annual Fee $150
First Additional Card $50
Other Additional Card $50
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 22.49%
Balance Transfer Rates 22.49%


Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP lounges
First-Year Offer Value
Accumulated rewards
Annual fee
Net value

Reward points value

We have established a valuation of the reward point in cents for each loyalty program. More information on the points valuation page.

First-year value

For all credit cards offers, we estimate the value of the welcome offer (bonus, annual fee rebate) in the first year, plus the value of the rewards earned based on your purchases entered in the calculator for the six categories:

  • Groceries
  • Gas/Transit
  • Meals
  • Travel
  • Bills
  • Other purchases

First-Year Net Value = Welcome Bonus Value + Benefits (Annual Credit, VIP lounges, etc.) + Earned Rewards First-Year Annual Fee

Value of subsequent years

For the value of subsequent years, we consider the earned rewards based on your purchases indicated in the calculator and any benefits offered.

Subsequent years’ net value = Earned Rewards + Benefits (Annual Credit, VIP lounges, etc.) Annual fee

VIP lounges:

For credit cards with complimentary airport lounge access, this benefit is calculated as follows:

  • 1 access = $40
  • Unlimited access = $400 (the value of 10 annual visits)


VIP salons $400
Travel benefits $250
Luggage Credit
Travel Credits
Wifi Access


All Spending 1.5 points
Drugstores 1.5 points
Groceries 1.5 points
Convenience Stores 1.5 points
Gas 1.5 points
Telecom/Internet 1.5 points
Local Transport 1.5 points
Streaming services 1.5 points
Dining and Food delivery 1.5 points
Online transactions 1.5 points
Recurring Payments 1.5 points
Office Supplies 1.5 points
Travel 1.5 points
Entertainment 1.5 points


Common Carrier Travel Accident Insurance
Flight Delay Insurance Amount $500
Delayed Baggage Amount $500
Lost/Stolen Baggage Insurance Amount $1,000
Trip Cancellation Insurance Amount Per Person $2,500
Trip Interruption Insurance Amount Per Person $2,500
Travel medical insurance up to 54 years old - Amount $5,000,000
Travel medical insurance up to 54 years old - Duration 60 day(s)
Travel medical insurance up to 64 years old - Amount $5,000,000
Travel medical insurance up to 64 years old - Duration 31 day(s)
Travel medical insurance 65+ - Amount $5,000,000
Travel medical insurance 65+ - Duration 15 day(s)
Auto Rental Loss/Insurance - Amount MSPP $65,000
Purchase Protection
Purchase Protection - Duration 180 day(s)
Travel Medical Insurance
Extended Warranty
Extended Warranty - Duration 2 year(s)
Insurance Document Learn More

Card Awards

Best Travel Insurance Credit card
Best Premium Travel Credit card ?
Best Travel Credit card Flexible Rewards Mastercard
4.80 Milesopedia Rating